International Business Management

Turkey

Members:
Wajeeha Batool BBA183093
Muhammad Danish BBA183057
Nabiha Rizwan BBA183062
 Turkey

• Turkey is a transcontinental country located in Southeastern

Europe and Southwestern Asia bordering the Black Sea.
Neighboring countries include Armenia, Azerbaijan,
Bulgaria, Georgia, Greece, Iran, Iraq, and Syria.
• Ankara is Turkey's capital, while Istanbul is its largest city
and financial centre.
• The overall population of Turkey is 85.94 M.
 History

• Turkish history extends back thousands of years

before the founding of the Turkish Republic in 1923.
• Turks, originally are people from Central Asia,
established several empires, including the Seljuk
Empire and later the Ottoman Empire, which was
founded in Anatolia by Turkish ruler Osman in 1299.
 Cultural Facts about Turkey
• The first ever Christian church was located in Antioch, Turkey
• Santa Claus was born in Patara, Turkey
• Turkey is responsible for 75% of the world’s hazelnut exports
• There are over 30 languages spoken in Turkey
• Turkey Has One of the World's Biggest and Oldest Malls
• Cultural Heritage Is Incredible
• There Are Over 80,000 Mosques
• The Turks Brought Many Products to Europe
Business Etiquettes
• Generally, Turkish people are very friendly and
sincere.
• Turkish people, especially, business owners tended
to build personal relationships with their work
partners aside from their business relationships.
• The Turkish generally only want to do business with
those they feel comfortable enough with to trust.
• Punctuality
• Gift giving
• Saying no to Bribery
 Investment in Turkey

• Turkey is a perfect country for Investment due to a

young, dynamic and skilled workforce in a country of
almost 80 Million people.
• Besides that the Governmental Incentives, Tax Exempts
and Free land allocations are making Turkey even more
appealing to Investors.
Business in Turkey
• Turkey, among the fastest growing economies in the world, is one of
the best places to expand your business.
• With its thriving economy, geopolitical position, promising growth
opportunities, the hard-working business community, and a young
population, the country attracts foreign investors from all over the
world.
• Istanbul, with its dense population, high-quality workforce, and
natural beauties, it also attracts the attention of foreign investors very
much.
• It has been proven that investments made in every region of İstanbul
are profitable
 Hofstede’s Cultural Dimensions

• Turkey, with a score of 37 is a collectivistic society.

• This means that the “We” is important, people belong to in-groups (families,
clans or organizations) who look after each other in exchange for loyalty.
• Communication is indirect and the harmony of the group has to be
maintained, open conflicts are avoided.